Gaining a Masters degree in business science at the University of Bielefeld, Germany, Ostermann has held the position of vice-president Finance for the Terex for the past five years.
“We are truly excited to have the Fantuzzi and Noell businesses as part of Terex and will work to ensure that our port equipment customers will benefit from this acquisition. Now we can meet their needs with a full line of port equipment and bring together our diverse port equipment experts to create application solutions,” said Ostermann.
With a commitment for continuous improvement of its business processes, Ostermann explained that Terex will work to improve the port equipment operations with the help of lean manufacturing and related techniques. “Our goal is to deliver equipment that maintains its value and gets the job done safely at the lowest cost of ownership,” he said.
The Fantuzzi organisation has manufacturing locations in Italy, Germany, and China. The product range includes Noell branded straddle carriers, as well Fantuzzi and Noell branded RMG and RTG cranes, mobile harbor cranes, ship-to-shore cranes, forklifts, side-loaders and reach stackers.